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Bearish: Currently we are @ 1.0583 in a range. IF we can break out of the flag pattern, we are looking for a continuation initially to the ATR target @ 1.0561 and then to the 0.500 Fibo @ 1.0508. The average daily true range (ATR) for the pair currently is 47 pips but its 180-day ATR is 57 pips a day